Spear Street Capital buys Reston office building for $64.4 million

The California State Teachers’ Retirement System sold a 244,491-square-foot office building at 1881 Campus Commons Drive in Reston to Spear Street Capital for $64.4 million, or about $263 per square foot. According to Costar Group Inc., the commercial real estate investment company, which focuses on office assets and portfolios valued at more than $25 million, acquired the five-story building in an all-cash deal with an escrow period of 30 days. The building was 100 percent occupied.